The Luksic family's holding group Quinenco QNN.SN has bought a second $120 million stake in Chile-based shipping company Vapores VAP.SN, a regulatory filing showed on Wednesday. The Luksic group said it also plans to propose a $1 billion capital increase for Vapores at a meeting of shareholders on Friday. The $120 million purchase, which represents an 8 percent stake in Vapores, boosted market confidence in the shipping firm and its shares jumped 10 percent following the announcement.
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